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China Reform Culture Holdings Co (SHSE:600636) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is China Reform Culture Holdings Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Reform Culture Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Reform Culture Holdings Co Cyclically Adjusted Price-to-FCF Chart

China Reform Culture Holdings Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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China Reform Culture Holdings Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Reform Culture Holdings Co's Cyclically Adjusted Price-to-FCF falls into.



China Reform Culture Holdings Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

China Reform Culture Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, China Reform Culture Holdings Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.111/115.3387*115.3387
=0.111

Current CPI (Sep. 2023) = 115.3387.

China Reform Culture Holdings Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.658 97.624 -0.777
201403 0.035 98.600 0.041
201406 -0.173 98.200 -0.203
201409 0.173 98.900 0.202
201412 -0.877 99.000 -1.022
201503 0.005 99.900 0.006
201506 0.003 99.500 0.003
201509 0.150 100.500 0.172
201512 -0.916 100.600 -1.050
201603 0.239 102.200 0.270
201606 -0.408 101.400 -0.464
201609 0.362 102.400 0.408
201612 -1.099 102.600 -1.235
201703 -0.070 103.200 -0.078
201706 -0.353 103.100 -0.395
201709 -0.442 104.100 -0.490
201712 -0.256 104.500 -0.283
201803 -0.698 105.300 -0.765
201806 0.389 104.900 0.428
201809 -0.360 106.600 -0.390
201812 0.334 106.500 0.362
201903 -0.130 107.700 -0.139
201906 -0.046 107.700 -0.049
201909 0.004 109.800 0.004
201912 0.293 111.200 0.304
202003 -0.150 112.300 -0.154
202006 0.194 110.400 0.203
202009 0.183 111.700 0.189
202012 0.135 111.500 0.140
202103 -0.151 112.662 -0.155
202106 0.051 111.769 0.053
202109 0.127 112.215 0.131
202112 0.160 113.108 0.163
202203 -0.117 114.335 -0.118
202206 0.027 114.558 0.027
202209 0.145 115.339 0.145
202212 0.154 115.116 0.154
202303 -0.117 115.116 -0.117
202306 0.057 114.558 0.057
202309 0.111 115.339 0.111

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


China Reform Culture Holdings Co  (SHSE:600636) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


China Reform Culture Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

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China Reform Culture Holdings Co (SHSE:600636) Business Description

Traded in Other Exchanges
N/A
Address
No. 4, Chegongzhuang Street, Building 23, Xinhua 1949 Cultural and Creative Park, Xicheng District, Shanghai, CHN, 100044
China Reform Culture Holdings Co Ltd is engaged in cultural education business as well as the research, development, manufacture, and marketing of fluoropolymers, fluorocarbons refrigerant and fluorine fine chemicals. The company's primary products consist of fluorine polymers, chlorofluorocarbon (CFC) products and CFC substitutes, such as polyvinylidene fluoride (PVDF) functional resins, specialty fluorine rubbers, environment-friendly fluorine rubber products and polytetrafluoroethylene (PTFE) resins, among others.

China Reform Culture Holdings Co (SHSE:600636) Headlines

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